Asterion Outbids Apollo to Acquire Freikin for €2B, Creating European Fleet Leader

Spanish fund Asterion has agreed to acquire Freikin for €2 billion, outbidding Apollo. The deal will give Asterion control of a European fleet of 50,000 rental vans and trucks, consolidating its position in the vehicle rental market. The acquisition signals continued private equity appetite for European logistics assets, though financial details and regulatory approvals remain pending.